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OpenAirplane Targets Los Angeles With Airplane Rental Service

socalTECH

OpenAirplane said Monday that it has launched in Los Angeles, letting pilots join and rent aircraft, and aircraft operators to list their aircraft, starting with Long Beach Airport (LGB). The addition of Los Angeles as a market came as OpenAirplane also added service in new York, Chicago, San Jose, Kissimmee, and Detroit.

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Santa Barbara, San Diego Tops On Per-Capita Venture Capital

socalTECH

A new study released earlier this month has ranked the Santa Barbara-Santa Maria-Goleta metropolitan area, as well as the San Diego-Carlsbad-San Marcos metropolitan area among the top ten markets for venture capital activity. Los Angeles-Long Beach-Santa Ana ranked further down on the list, at number 16, at $13.1M READ MORE>>.

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Volvo Trucks teases the all-electric semi truck it’s bringing to California in 2019

TechCrunch LA

Daimler Trucks North America said in July it would begin testing 20 fully electric heavy- and medium-duty Freightliner models at the ports of Los Angeles and Long Beach this year. The state has set aggressive targets to improve air quality and reduce carbon emissions, particularly those generated from tailpipes.

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Rocket Lab Completes SolAero Acquisition

socalTECH

Long Beach-based Rocket Lab said Tuesday afternoon that it has completed its acquisition of SolAero Holdings. SolAero Holdings is a manufacturer of solar power technology and aerospace structures for use in space. The deal was worth $80M in cash.

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Rocket Lab Plans IPO Via SPAC

socalTECH

Long Beach-based rocket developer Rocket Lab is joining the very long list of local technology companies, which is heading towards the public market through a merger with a Special Purpose Acquisition Company (SPAC).

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Digital Performance Raises $3.2M, Hires CEO

socalTECH

Long Beach-based Digital Performance, which develops technology for online sales efforts in the after market automotive parts sector, is announcing Monday that it has raised $3.2M Digital Performance has a database and technology which matches buyers of after market automotive parts with manufacturers.

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Cargomatic Collects $35M

socalTECH

Long Beach-based Cargomatic , which develops technology to connect shippers and carriers, said this week that it has raised $35M in a Series B funding round. The funding was led by Warburg Pincus, and also included Canaan, Genesee & Wyoming, Xplorer Capital and Muse Family Enterprises.